Deprecated: Function set_magic_quotes_runtime() is deprecated in /home/articles/public_html/index.php on line 38

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/safehtml.php on line 608

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 161

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 163

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 164

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 165

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 167

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 168

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 169

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 244

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 251

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 260

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 267

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 274

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 281

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 289

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 486

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 488

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 490

Deprecated: Function split() is deprecated in /home/articles/public_html/core.php on line 281

Deprecated: Function ereg_replace() is deprecated in /home/articles/public_html/core.php on line 179

Deprecated: Function ereg_replace() is deprecated in /home/articles/public_html/core.php on line 180

Deprecated: Function ereg_replace() is deprecated in /home/articles/public_html/code/articlems.php(102) : eval()'d code on line 3

Deprecated: Function ereg_replace() is deprecated in /home/articles/public_html/code/articlems.php(102) : eval()'d code on line 4

Deprecated: Function split() is deprecated in /home/articles/public_html/core.php on line 1434

Deprecated: Function split() is deprecated in /home/articles/public_html/core.php on line 1434
Features of Student Loan Consolidation - ArticleSanbox.com
ArticleSandBox.com The best Article database for website content


Welcome to ArticleSandbox.com - The ultimate content search engine & article directory
Submit your quality articles to our directory for free and get your writing published across the web
Signup for a Free ArticleSandbox.com account. Creating an account is fast, easy and free!
Browse the latest articles submitted to ArticleSandbox.com for reprint on your website, blog or ezine
First time here? Take a look at our editorial guidelines for submitting your articles to ensure they get approved!
Questions, Comments or Suggestions? Contact us for fast assistance
Browse our links, resources and articles for authors and publishers
 

        RSS: Subscribe to our Latest Articles

Features of Student Loan Consolidation

  Posted By: jamesmanroo   |   Views: 1258  |   Words: 502  |   PDF View   |   Print View   |  HTML Version
  
 
In today’s scenario, where the whole world is reeling under a huge economic crisis, paying off multiple student loans can prove to be really difficult. Apart from the fact that you need to remember the monthly repayment dates for all your student loans, keeping a track of the varying interest rates and paying off huge sums of money each month can surely disturb your monthly budget. Therefore, if you are looking for an option that is far simpler and can assist you in lowering your monthly repayments, you can go ahead and consolidate student loans. Yes, by consolidating your student loans you end up making life much easier for you. Here are some key features of student loan consolidation:

• To begin with, instead of paying simultaneous monthly payments, each with a different date, you simply need to make a single monthly payment.
• After you consolidate student loans, you are presented with a fixed interest rate that is capped at 8.25 percent, which is much lower than the interest rate of your student loans.
• The monthly payment, if you consolidate student loans, becomes pretty less than the total of your individual student loan monthly payments.
• The repayment period can increase, if you consolidate student loans. Therefore, instead of paying off all your loans within 10 years, you can consolidate them and extend the loan repayment period to 12, 15, 20, and even 30 years.
• You can pay off your single consolidated loan electronically. Most lending companies even offer you 0.25 percent off on the interest rate, if you pay your monthly installments electronically.
• You do not need to pay any processing fees to consolidate student loans. The whole process is free of cost, which is yet another advantage for you.
• Students as well as parents who borrowed the money can consolidate student loans. However, students and their parents cannot combine their individual loans for consolidation. This is because only loans from a single borrower can be consolidated.
• You have the option to consolidate student loans with any lender. This provides with the facility to look for lenders that offer the lowest interest rates and other benefits.

With such great features, it is not surprising that more and more students opt to consolidate student loans. This makes life relatively easier for them and allows them to concentrate on their job and career. By getting to consolidate student loans, you know how much exactly you need to shell out each month. In addition, the single monthly payment, which can be paid electronically or through direct debit from your bank, relieves you from remembering the monthly loan repayment date. A lower monthly repayment option is one feature that most students look out for while repaying their student loan. This is because most fresh graduates need to be contended with a low monthly salary that can increase only through performance and experience. In such a situation lower monthly repayments are really welcome to such graduates. This and the above mentioned features, is exactly the reason why student loan consolidation is gaining such prominence.


About the Author

The federal consolidate student loans offers you a fixed rate. Though the private agency presents a fluctuating market rate, you can enjoy their unique service with complimentary packages in "consolidate student loans". For further details, please visit our website http://www.consolidatestudentloansnow.com

Comments

No comments posted.

Add Your Comment

Sorry! You do not have permission to comment. If you login, you will be able to post your comments.

Link To This Article

Link to this article page using the code below. Prefer a HTML Version of this article for use on your site? Just remember that the article body, title, author bio and links may not be changed or removed. By publishing this article, you agree to all the terms in our Terms of Service.



Related Articles







 
article sand box - free website content
Main Menu Home Login Register Submit Article Latest Articles Search
Article Categories Art & EntertainmentAutomotiveBusinessCareersComputersEducationFamilyFinance  • Accounting  • Banking  • Bankruptcy  • Credit  • Debt Consolidation  • Insurance  • Investing  • Loans  • Wealth BuildingFood & BeverageHealthHobbiesHome & GardenInsuranceInternetInvestementLawMarketingNews & EventsReal EstateRelationshipsSelf ImprovementShoppingSocietySpiritualitySports & RecreationTechnologyTravelWeb DevelopmentWeddingWriting
 
114 people browsing




article sand box - free articles for your website
   ©  ArticleSandBox.com - Free Article & Content Search Engine - All Rights Reserved